Mining Stock Daily Morning Briefing: US Labor Market Calls for More Rate Cuts; Collective Mining Results from Ramp Zone
Oct 1, 2025
The latest labor data reveals a faltering job market, suggesting potential Fed rate cuts on the horizon. Collective Mining showcases impressive drill results from the Apollo Ramp Zone, hinting at promising expansion. Prospector Metals unveils a major discovery in Yukon, featuring high-grade gold-copper-silver intercepts. Meanwhile, Brixton Metals updates its Trapper project with shallow gold findings. ATEX Resources embarks on an extensive drilling campaign at Valeriano, while American Pacific Mining secures important drill permits in Montana.
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Labor Market Weakness Signals Rate Cuts
- US labor data shows demand for labor is weakening faster than supply is contracting.
- This dynamic points toward the Federal Reserve likely needing to cut rates further.
Collective Expands High-Grade Ramp Zone
- Collective Mining's ramp zone drilling returned high-grade, near-surface and deep intercepts that expand Apollo's footprint.
- The system remains open at depth and the program aims to extend it another 200 meters plus.
Prospector Uncovers High-Grade TESS Zone
- Prospector Metals discovered a new high-grade gold-copper zone (TESS) with very strong intercepts near surface.
- Their 2025 program completed 39 holes over 6,500 meters across seven targets, validating regional potential.